Spot Bitcoin ETFs See $64.9 Million Outflows
Spot BTC ETFs in the US experienced a decrease of $64.9 million in net flows on June 10, ending their four-week period of consecutive gains.
Spot BTC ETFs in the US experienced a decrease of $64.9 million in net flows on June 10, ending their four-week period of consecutive gains.
According to experts in the crypto community, the SEC is likely to approve spot Ethereum ETF applications, leading to the potential launch of a similar instrument focused on Solana.
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
Since mid-May, there has been a significant increase in capital flowing into the Bitcoin ETF market, as reported by Farside.
BlackRock submitted an updated registration statement for its proposed Ethereum fund, highlighting the ongoing efforts of financial firms to offer and trade similar products.
Investment manager Hashdex has withdrawn its application for a proposed spot Ether exchange-traded fund (ETF).
Bernstein forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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